Listing courtesy of Keller Williams Rty Tacoma 253-460-8640
Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.
Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.
Multifamily
Multi Family
1919
--
--
0.24
Active
25
7,890 Sq. Ft.
14
10,441 Sq. Ft.
Location
- No
- None
- See Remarks
- Wood
- Torch Down
- Poured Concrete
- Public
- 3468800455
Greg Stock
Keller Williams Rty Tacoma
King
NWM2362738
Closing
Listings last updated on 05/18/2025 10:55 AM.
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